Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5838 Highway 49 S Paragould, AR 72450

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,750,000

    19-acre property ideal for commercial or residential development.

    Type:Retail
    Property size:
    1,664 SF
    Lot size:
    19.00 Acres
    Added:
    Aug 13, 2024
    Days on Market:
    609
    Last Refresh:
    Apr 1 at 8:52 pm

    Property Features for 5838 Highway 49 S

    General Information

    Standard status
    Active
    Size
    1,664 SF
    Lot size
    19.00 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Halsey Real Estate

    Listing agent Halsey Real Estate

    Listing office

    Listing date Aug 13, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Halsey Real Estate

    Overview

    Prime Land on Highway 49

    This 19-acre property is located at the corner of Hwy 49 and Greene 765 Rd in Paragould, AR. The site is positioned across from the future site of Central Baptist Church at the Hwy 69 intersection. It offers potential for commercial or residential development. The location benefits from high traffic visibility and easy accessibility. It is situated amid a thriving commercial area. The property includes highway frontage and proximity to key roads.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.54153
    Latitude
    35.989178

    Nearby Similar for Sale

    • $470,000
      10,000 SF

      Versatile Commercial Property on 2.76 Acres

      Two buildings on 2.76 acres suited for various businesses.
      5977 N Hwy. 135, Paragould, AR 72450
      View Details
    • $329,900
      1,760 SF

      Corner Lot Commercial Opportunity

      High-visibility commercial property suitable for various business uses.
      726 W Kingshighway, Paragould, AR 72450
      View Details
    • $229,900
      3,500 SF

      Former Church with Versatile Buildings

      Former church with sanctuary, kitchen, offices, and additional youth building.
      401 S 12th Avenue, Paragould, AR 72450-8338
      View Details
    • $651,222

      Paragould Commercial Land Opportunity

      1.15-acre commercial lot near Highway 49 in Paragould, AR.
      2907 McDaniel Road, Paragould, AR 72450-8847
      View Details
    • $125,000
      3,936 SF

      Commercial Buildings on Corner Lot

      Versatile commercial property with multiple buildings and high visibility.
      3300 HWY 135 N, Paragould, AR 72450
      View Details
    • $375,000
      4,236 SF

      Four Single-Family Homes Investment

      Four single-family homes with strong rental potential in Paragould.
      104,108,109,110 S. 13th Ave, Paragould, AR 72450
      View Details
    • $675,000
      6,864 SF

      Remodeled Apartment Complex Investment

      Eight newly remodeled units with income potential in Paragould, Arkansas.
      1205 W Hunt St, Paragould, AR 72450
      View Details
    • $900,000
      26,798 SF

      Versatile Industrial Property in Paragould

      Mix of office, showroom, and warehouse space near US 412.
      1305 Carroll Road, Paragould, AR 72450-6065
      View Details
    • $550,000
      5,200 SF

      Commercial Property on 1 Acre

      Income-producing commercial property with expansion potential in a growing industry.
      380 Greene 921, Paragould, AR 72450
      View Details
    • $229,900
      1,950 SF

      Paragould Commercial Property on Highway

      High-traffic corner lot suitable for retail or office use.
      2212 LINWOOD DR., Paragould, AR 72450
      View Details
    • $179,900
      1,192 SF

      Paragould Building and Land For Sale

      Traditional building and land suitable for business or rental property.
      3103 Wood Haven Street, Paragould, AR 72450
      View Details
    • $119,000
      1,800 SF

      Shop on Acre Lot

      1800 SF shop on nearly an acre lot.
      2819 N HWY 49, Paragould, AR 72450
      View Details

    FAQs

    What type of property is this?
    Commercial land - 19-acre property ideal for commercial or residential development.
    Where is this commercial land located?
    The property is located at 5838 Highway 49 S Paragould, AR.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Prime location at the corner of Hwy 49 and Greene 765 Rd, Paragould, AR.; 19‑acre property suitable for commercial or residential development.; High traffic visibility and easy accessibility.
    (870) 972-9191
    We can help!
    Listing Contact
    Halsey Real Estate
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!